About Santos Ltd

Santos Limited is a natural gas company. The Company is engaged in the exploration, development, production and sales of natural gas both onshore and offshore. The Company produces liquid petroleum gas (LPG), ethane, methane, Coal seam gas (CSG), Liquefied natural gas (LNG), shale gas, condensate and oil. The Company's segments comprise its five key assets/operating areas: Cooper Basin; Gladstone LNG (GLNG); Papua New Guinea (PNG); Northern Australia, and Western Australia (WA) gas. The Company operates in Australia and Asia. Its Other Assets include East Coast Australia Gas, Western Australia oil, Victoria and onshore Northern Territory. The Cooper Basin produces natural gas, gas liquids and crude oil. GLNG produces LNG for export to global markets from the LNG plant at Gladstone. The Company's business in Papua New Guinea is centered on the PNG LNG Project. In Northern Australia, Santos has interest in the Bayu-Undan/Darwin LNG Project (DLNG).

Latest News

Latest News

Australia's Santos Ltd posted a 13% drop in first-quarter revenue on Thursday due to lower realised prices for oil and gas, but said it had sufficient liquidity and debt headroom to weather the recent crude price crash.

Oil and gas producer Santos Ltd said on Monday it will slash capital spending in 2020 and defer an investment decision on Barossa as oil prices plunge and the coronavirus outbreak dents business sentiment.

Australia's oil and gas producer Santos Ltd on Monday said it will slash capital spending by about 38% in 2020 and defer an investment decision on Barossa as a plunge in oil prices and coronavirus outbreak dents business sentiment.

Australia's Santos Ltd said on Thursday it will sell 25% of the Darwin LNG facility and the Bayu-Undan gas field off Northern Australia for $390 million, months after agreeing to buy ConocoPhillips' business in the region.

Australia's dormant carbon capture and storage projects may gain some momentum after BP Plc and Santos said they would join up on a pending site as world's largest coal and liquefied natural gas (LNG) exporting country steps up its climate change fight.

Australia's government began a push to boost natural gas supply and renewable energy as part of a A$2 billion ($1.4 billion) deal with its most populous state, looking to cut carbon emissions in the wake of devastating bushfires.

Africa's richest woman and Angola's ex-first daughter Isabel dos Santos expressed interest on Thursday in running for the presidency despite an asset freeze and accusations of diverting more than a billion dollars of state money.

Africa's richest woman and Angola's ex-first daughter Isabel dos Santos expressed interest on Thursday in running for the presidency despite an asset freeze and accusations of diverting more than a billion dollars of state money.

The Bank of Portugal is evaluating Angolan billionaire businesswoman Isabel dos Santos' suitability as a shareholder of Portuguese banks, it told Reuters on Thursday, after an Angolan court ordered that her assets in the country be frozen earlier this week.

ConocoPhillips <COP.N> has agreed to sell its northern Australian business to partner Santos Ltd <STO.AX> for $1.39 billion, in a deal that will hike the Australian group's output by 25% and boost its position in the global gas market.

Energy company ConocoPhillips <COP.N> said on Monday it had agreed to sell most of its Australian assets to rival Santos Ltd <STO.AX> for $1.39 billion, with the deal expected to close in the first quarter of 2020.